# March Capital: portfolio, investments and team

> March Capital is a vc firm based in United States. 36 investments on record, 2 in the last 12 months, latest Sept 2026.

Source: https://millionrounds.com/fund/march-capital (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# March Capital

Last cheque observed Sep 2026; 36 cheques on record.

Email

Deploying now New fund $19M, Jul 2026 VC firm Website unconfirmed

Seed Series A Series B Collaboration Tools Cloud Computing Middleware

Follow March Capital and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fmarch-capital)

Deploying now

**33%** of best year **2** **cheques in 12 months**, 36 on record

Since the last cheque **60** days **00** hrs **00** min **00** sec

Median round **$26M** Cheque size, as they say **$3.0M – $50M** Rounds led **7 of 36** Sole investor **4 rounds** Exits **1 from the portfolio** Mostly in **United States, 83%**

Pitch March Capital

## March Capital highlights

- 01 2 cheques in the last 12 months
- 02 Mostly Series A and Seed: 58% of its rounds
- 03 Sole investor in 4 rounds, median $2.9M
- 04 1 exits from the portfolio

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $3.0M – $50M as they say
- **Stages:** Seed Series A Series B Growth Pre-IPO
- **Sectors:** Collaboration Tools Cloud Computing Middleware
- **Based in:** Santa Monica, United States
- **Cold pitches:** Not stated

A website was listed for this organisation, but we could not confirm it belongs to the firm that wrote these cheques. Either the site never mentions them, or it turned out to be a different company sharing the name. We show neither it nor anything read from it. [Tell us the right one](https://millionrounds.com/corrections?slug=march-capital).

## The record

Every round we can evidence, newest first **36 appearances**

- **2026** 2 rounds
- **Sept** **[Snorkel AI](https://millionrounds.com/company/snorkel-ai)** Growth · US · Blumberg Capital **$350M** With 18 others
- **Jul** **[Together AI](https://millionrounds.com/company/together-ai)** Series C · US · TechCrunch **$800M** With 9 others
- **2025** 5 rounds
- **Sept** **[Lila Sciences](https://millionrounds.com/company/lila-sciences)** Series A · US · TechStartups **$235M** With 21 others
- **Mar** **[Lila Sciences](https://millionrounds.com/company/lila-sciences)** Seed · US · AlleyWatch **$200M** With 8 others
- **Feb** **[Together AI](https://millionrounds.com/company/together-ai)** Series B · US · Crunchbase News **$305M** With 19 others
- **Feb** **[Luminance](https://millionrounds.com/company/luminance)** Series C · GB · Firms' own news pages **$75M** With 7 others
- **Jan** **[SuperOps](https://millionrounds.com/company/superops)** Series C · IN · TechCrunch **$25M** *Led*
- **2024** 1 round
- **Oct** **[Suki](https://millionrounds.com/company/suki)** Series D · US · TechStartups **$70M** With 6 others
- **2019** 7 rounds
- **Nov** **[Genvid](https://millionrounds.com/company/genvid)** Series B · US · FinSMEs **$27M** With 6 others
- **Oct** **[Descartes Labs](https://millionrounds.com/company/descartes-labs)** Series B · US · FinSMEs **$20M** With 4 others
- **Oct** **[SparkCognition](https://millionrounds.com/company/sparkcognition)** Series C · US · FinSMEs **$100M** *Led*
- **Aug** **[Knock Knock](https://millionrounds.com/company/knock-knock)** Series A · US · FinSMEs **$4.0M** *Led*
- **Aug** **[Uniphore](https://millionrounds.com/company/uniphore)** Series C · US · FinSMEs **$51M** *Led*
- **Apr** **[Astound](https://millionrounds.com/company/astound)** Series B · US · FinSMEs **$16M** *Led*
- **Mar** **[Dorian](https://millionrounds.com/company/dorian)** Seed · US · FinSMEs **$2.0M** *Led*
- **2018** 1 round
- **Mar** **[SpyCloud](https://millionrounds.com/company/spycloud)** Series A · US · FinSMEs **$5.0M** With 1 other
- **2017** 7 rounds
- **Dec** **[nWay](https://millionrounds.com/company/nway)** US · Pocketgamer **$11M** With 1 other
- **Oct** **[Pensa](https://millionrounds.com/company/pensa)** Series A · US · FinSMEs **$4.0M** Sole investor
- **Jun** **[SpyCloud](https://millionrounds.com/company/spycloud)** Seed · US · FinSMEs **$2.5M** With 1 other
- **May** **[IoTium](https://millionrounds.com/company/iotium)** Series A · US · FinSMEs **$8.4M** With 3 others
- **Apr** **[Dojo Madness](https://millionrounds.com/company/dojo-madness)** DE · FinSMEs **$6.0M** With 2 others
- **Mar** **[VeloCloud](https://millionrounds.com/company/velocloud)** Series D · US · FinSMEs **$35M** With 7 others
- **Feb** **[CarTrade](https://millionrounds.com/company/cartrade)** IN · TechCrunch **$55M** *Led*
- **2016** 1 round
- **Aug** **[Genvid Technologies](https://millionrounds.com/company/genvid-technologies)** Seed · US · FinSMEs **$1.5M** Sole investor
- **2015** 7 rounds
- **Nov** **[OpenHouse](https://millionrounds.com/company/openhouse)** Series A **$14M** With 1 other
- **Jun** **[Heal](https://millionrounds.com/company/heal)** Seed · US **$5.0M** With 8 others
- **Jun** **[Perspica Networks](https://millionrounds.com/company/perspica-networks)** Series A · US **$4.0M** Sole investor
- **Jun** **[DOJO Madness](https://millionrounds.com/company/dojo-madness)** Seed · DE **$2.3M** With 4 others
- **May** **[Coho Data](https://millionrounds.com/company/coho-data)** Series C · TR **$30M** With 4 others
- **Mar** **[E8 Security](https://millionrounds.com/company/e8-security)** Series A · US **$9.8M** With 2 others
- **Jan** **[Bridg](https://millionrounds.com/company/bridg)** Series A · US **Undisclosed** With 2 others
- **2014** 5 rounds
- **Dec** **[Deep Forest Media](https://millionrounds.com/company/deep-forest-media)** Venture · US **$1.7M** Sole investor
- **Dec** **[Appcito, Inc.](https://millionrounds.com/company/appcito-inc)** Series A · US **$7.5M** With 3 others
- **Aug** **[Agent Ace](https://millionrounds.com/company/agent-ace)** Series A · US **Undisclosed** With 1 other
- **May** **[Awesome Sauce Labs](https://millionrounds.com/company/awesome-sauce-labs)** Seed · US **$50K** With 2 others
- **Apr** **[TeleSign Corporation](https://millionrounds.com/company/telesign-corporation)** Series B · US **$40M** With 2 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **16 named**

BO **Bora Ozturk** Manager of March Capital GP II, LLC, the General Partner of Issuer and March Capital Management, LLC, the Investment Manager i Filing they signed

BW **Bradford Weirick** Partner and General Counsel i Form ADV

DE **Dana Eileen Moraly** Partner and Chief Financial Officer i Form ADV

ES **Eduardo Sagues** Executive Officer, Director i Filing they signed

GT **Gregory T Milken** Managing Director of General Partners i Filing they signed

HM **Hyun Mo Koo** Partner i Form ADV

JW **James Watson Montgomery** Managing Director of General Partners i Filing they signed

JT **James T Armstrong** Managing Member i Filing they signed

JH **Jed Henry Leidheiser** Partner i Form ADV

JA **Julia A Klein** Partner i Form ADV

MM **M. Michael Ansour** Mr. Ansour is the managing member of March Partners L.L.C., the general partner i Filing they signed

SH **Solomon Hailu** Partner i Form ADV

ST **Sumant T Mandal** Managing Director of General Partners i Filing they signed

WA **Wesley A Nichols** Partner i Form ADV

YH **Yola Haddad** Executive Officer, Director i Filing they signed

YH **Yola Haddad Ozturk** Manager of March Capital GP II, LLC, the General Partner of Issuer and March Capital Management, LLC, the Investment Manager i Filing they signed

We also hold **39** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$2.6B** gross assets of its funds Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** March Venture Capital Management Services, LLC
- **SEC number:** CRD 174123

## Exits from the portfolio

Companies it backed that were later bought or listed **1 in all**

**[Deep Forest Media](https://millionrounds.com/company/deep-forest-media)** Bought by [Rakuten](https://millionrounds.com/fund/rakuten) **Undisclosed** Mar 2015

An exit counts when it came after the firm's first round in the company. From historical deal records.

New fund on file

**$19M**

raised in Jul 2026

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Seed Series A Series B

Median round joined **$26M** the round, not its cheque Alone, median **$2.9M**

Led 7 of 36 rounds **19%**

- **Said size:** $3.0M – $50M
- **Sole investor:** 4 rounds
- **Last cheque:** Sept 2026
- **Exits:** 1 from the portfolio

Rounds by stage said on their site

- Series A said *11*
- Seed said *7*
- Series C *6*
- Series B said *5*
- Series D *2*
- Growth said *-*
- Pre-IPO said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [General Catalyst](https://millionrounds.com/fund/general-catalyst) 4
- [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) 3
- [Abu Dhabi Investment Authority](https://millionrounds.com/fund/abu-dhabi-investment-authority) 2
- [Addition](https://millionrounds.com/fund/addition) 2
- [Allegis Capital](https://millionrounds.com/fund/allegis-capital) 2
- [Altitude Life Science Ventures](https://millionrounds.com/fund/altitude-life-science-ventures) 2

**Pitching March Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as March Capital. A count of rooms they were both in, not a relationship either has claimed.

[**General Catalyst** VC firm **4** rounds together](https://millionrounds.com/fund/general-catalyst)[**Alumni Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund)[**Abu Dhabi Investment Authority** Angel network **2** rounds together](https://millionrounds.com/fund/abu-dhabi-investment-authority)[**Addition** Private equity **2** rounds together](https://millionrounds.com/fund/addition)[**Allegis Capital** VC firm **2** rounds together](https://millionrounds.com/fund/allegis-capital)[**Altitude Life Science Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/altitude-life-science-ventures)[**Ark Venture Fund** VC firm **2** rounds together](https://millionrounds.com/fund/ark-venture-fund)[**DN Capital** VC firm **2** rounds together](https://millionrounds.com/fund/dn-capital)[**Emergence Capital** VC firm **2** rounds together](https://millionrounds.com/fund/emergence-capital)[**Flagship Pioneering** VC firm **2** rounds together](https://millionrounds.com/fund/flagship-pioneering)[**London Venture Partners** VC firm **2** rounds together](https://millionrounds.com/fund/london-venture-partners)[**Modi Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/modi-ventures)

## Recently backed

The latest companies March Capital put money into.

[**Snorkel AI** $350M · Sept 2026](https://millionrounds.com/company/snorkel-ai)[**Together AI** $800M · Jul 2026](https://millionrounds.com/company/together-ai)[**Lila Sciences** $235M · Sept 2025](https://millionrounds.com/company/lila-sciences)[**Luminance** $75M · Feb 2025](https://millionrounds.com/company/luminance)[**Suki** $70M · Oct 2024](https://millionrounds.com/company/suki)[**Descartes Labs** $20M · Oct 2019](https://millionrounds.com/company/descartes-labs)

## On podcasts

1 episode naming March Capital in the title, and 3 more that mention it.

- [Capital Allocators](https://millionrounds.com/podcasts/capital-allocators) 30 Dec 2021 · 45 min Jamie Montgomery – March Capital (Manager Meetings, EP.26) With [Jamie Montgomery](https://millionrounds.com/person/jamie-montgomery) Mentions [March Capital](https://millionrounds.com/fund/march-capital) Apple PodcastsShow page

### Mentioned in

- [How I Invest](https://millionrounds.com/podcasts/how-i-invest) 30 Apr 2026 · 34 min E359: What Charlie Munger Taught Me About Venture Capital Apple PodcastsShow page
- [The Silicon Valley Podcast](https://millionrounds.com/podcasts/the-silicon-valley-podcast) 17 Sept 2025 · 41 min Ep 270 Redefining Networking and Security in the Age of AI with Pankaj Patel Apple PodcastsShow page
- [UKTN: The Podcast](https://millionrounds.com/podcasts/uktn) 29 Jul 2024 · 27 min The possibilities and perils of legal sector AI adoption – Eleanor Lightbody, CEO, Luminance Apple PodcastsShow page

## Quick answers about March Capital

### What does March Capital invest in?

March Capital invests most often at Series A and Seed (58% of the rounds on record), in sectors such as Collaboration Tools, Cloud Computing and Middleware.

### How active is March Capital?

36 investments on record, 2 of them in the last 12 months, and it led 7. The most recent was in Sept 2026.

### What has March Capital invested in recently?

Its most recent investments on record: Snorkel AI (Growth, Sept 2026), Together AI (Series C, Jul 2026) and Lila Sciences (Series A, Sept 2025).

### How big are March Capital's cheques?

The median round it joins is $26M. It says it writes cheques of $3.0M to $50M.

### Does March Capital lead rounds?

Yes: it led 7 of its 36 investments on record (19%).

### Where does March Capital invest?

Most of the companies it backs are in the United States (83%), India (6%) and Germany (6%).

### Is March Capital investing now?

Yes: it is actively investing, with 2 investments in the last 12 months.

### Who does March Capital invest alongside?

Most often General Catalyst (4 rounds together), Alumni Ventures (3 rounds together) and Abu Dhabi Investment Authority (2 rounds together).

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